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Pepsi Taps Insider for New Position

Indra Nooyi, in one of her first acts as incoming chief executive officer at PepsiCo Inc., promoted a veteran executive to head all of the company's North American operations.

John Compton, 45 years old, will take the newly created position of CEO of Pepsi North America, effective immediately. Mr. Compton has worked his entire 23-year career at the food and beverage giant, the bulk of that spent rising through the ranks at the...